F3 - Chapter 3 - Savings & Investment

Savings refer to:

• an alternative step for future returns in the form of current income and gains

• excess money deposited in the safe, money box or drawer.

• additional or increased investment.

Which of the following are the type of savings? ( 3 answers )

• savings account

• fixed deposit account

• current account

• shares

• unit trust

Which of the following are the type of investments? ( 3 answers )

• savings account

• fixed deposit account

• shares

• unit trust

• real estate

There are TWO types of interest, which are:

• simple interest

• complex interest

• compound interest

RM 780 is deposited with the interest rate of 2% per annum. How much is the interest earn for 1 year? ( I = Prt )

• RM 10.30

• RM 15.60

• RM 7.80

• RM 780

RM 1000 is deposited with the interest rate of 4% per annum. How much is the interest earn for 3 years? ( I = Prt )

• RM 40

• RM 100

• RM 120

• RM 30

RM 500 is deposited with the interest rate of 10% per annum. How much is the interest earn for 2 years? ( I = Prt )

• RM 50

• RM 40

• RM 100

• RM 120

RM 1560 is deposited with the interest rate of 10% per annum. How much is the interest earn for 6 months? ( I = Prt )

• RM 212

• RM 156

• RM 84

• RM 78

Jenny deposited RM 4000 at Bank Bunga Raya with the interest rate of 2% per annum. How much is the interest earn by Jenny after 1 year? ( I = Prt )

• RM 80

• RM 50

• RM 40

• RM 20

Mr. Achilles deposits RM 10000 in a bank with the interest of 8% per annum for a period of 2 years. Calculate the total interest that Mr. Achilles will recieve for the 2 - year period. ( I = Prt )

• RM 800

• RM 1800

• RM 600

• RM 1600